Uttar Pradesh To Tender Another 500MW Solar Power Bid This Month

Because of high local demand for renewable energy, Uttar Pradesh, with the highest population of all India’s states, plans to tender bids for another 500 MW of solar power output by October 31. This comes on top of the existing 500 MW solar capacity previous tendered by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA). That was oversubscribed by 250 MW, showing the strong demand for solar energy in the area. There was also a previous 1 GW total capacity tendered to date. That too was oversubscribed, by 800 MW. The program was unfortunately canceled because of high tariffs. But Indian energy officials have confirmed the high tariff problem has been resolved. According to Alok Kumar, principal secretary, Department of Energy and Additional Sources of Energy, in a recent interview, “Initially we were doing the power purchase agreement (PPA). Now we have changed the commercial arrangement and made Solar Energy Corporation of India (SECI) the intermediate procurer so that the tariff is lower. SECI will have the PPA with the selected developer and sell power to us back to back.” This is all part of the need for up to 20 GW of electricity power generation every […]

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